04/05/09. HighRiseFinance Review and Other News

THIS PROGRAM IS PAYING SELECTIVELY! PLEASE DON’T INVEST!

Hi guys! If today is a bank holiday wherever you are (as it is for me) I hope it’s going well for you and you are enjoying whatever leisure activities interest you. The work doesn’t stop for money-news though, and as I mentioned in last night’s update I have recently joined a new program by the name of HighRiseFinance. In fact to be more accurate I just joined it yesterday but already I am quite optimistic about this one. OK, I’m optimistic about all the programs I join, that’s the whole reason for investing with them, but fingers crossed, this one might just turn out to be a bit special.

Let’s start with the plans. It’s a long term low rate of interest program, which although I know many of you have little interest in, they are typically less of a risk. There are three options to choose from when making an investment with HighRiseFinance, the first of which is called The Standard Plan and I guess it’s probably the one of most interest to readers here. For a minimum spend of $15 you will receive a daily interest payment of 2.2%. The maximum amount accepted is $499 and the investment term runs for 40 days, after which your principal gets returned. So a practical example of let’s say a $100 investment will net you a daily rebate of $2.20 and result in a total profit of $88 before your initial hundred gets repaid. Some might consider this a drawback, i.e the fact that you will never actually be in profit until the plan expires, but nevertheless it’s not a bad return.

The next plan is the bigger spenders amongst you and joining here will set you back a minimum of $500. It’s called The Premium Plan and in return for joining this you will be rewarded with a daily payment of 2.6%, again for 40 days and again with your principal returned on expiry. The maximum accepted here is $4,999. So if you join here with the minimum amount allowed you will earn a daily payment of $13. that will result in a net profit of $520 on top of your original principal being returned. You will break even before the plan runs out, but so close to the end as makes no real difference (39 days).

The final plan is called The Premium Plan and as it starts at $5000, I suggest you contact the admin directly and do a lot more research on HighRiseFinance before proceeding. For the record the plan also runs for 40 days and offers 3% daily.

This plan, along with the previous two by the way, offers an opt out clause the allows you the withdraw your principal at any time and leave the program completely. This option is always an advantage in my opinion, just be wary of the fact that opting out will cost you 20% of your principal.

The accepted payment processors are a bit limited at the moment with just LibertyReserve and PerfectMoney being accepted. Nothing indicates that this list is intended to be expanded anytime soon, but really it’s just typical for an HYIP. Payments are not automatic so you will need to request them first and are then advised to give up to 24 hours before the transaction is completed.

What really sets HighRiseFinance apart though is the security and that’s the real reason why I think the admin here is taking the project a bit more seriously than just a quick scam. Top dollar has been spent setting all this up so forgive me if this comes out sounding a bit cynical, but the guys got to get his money’s worth from that and is going nowhere until after his expenses have been recouped. No disrespect to the admin of HighRiseFinance you understand, the same thing applies to every other program.

First of all it’s hosted on a dedicated server which is good enough in itself, but this one is hosted by BlockDos who are of course the runaway leaders in an otherwise competitive market. Protection from DdoS attacks here is second to none so I expect downtime, if there ever is any at all, will be minimal. The script is also licensed from GoldCoders so that’s another plus, and SSL encryption provides additional security. That’s not quite all though, as there is option available after joining that can restrict access to your account based on your IP address. You can arrange it so that only the computer you are the owner of can be used to get into your membership area. But don’t worry, it’s a voluntary option, so those of you working from computers in your place of employment, internet cafes, friend’s houses or wherever can continue to do so.

The FAQ section reasonably explains most things but if you have any follow up questions, or problems in general, customer support is available via an online e-mail ticketing system. There is also a published postal address and telephone number in the USA. Illinois to be exact but as HYIPs are at best borderline legal in most jurisdictions (running them, not participating in them) I tend to doubt its authenticity. Of course I’ll be more than happy to be proved wrong. Feel free to use the telephone number yourself though, if you are an investor you have every right to call them. Except that when you do call them you will receive an operators message telling you that the number has been disconnected. Hardly a surprise though. Functioning telephone support seems to be akin to landing a man on Mars in this industry.

So the long and the short of it is that HighRiseFinance can potentially become a decent HYIP. The plans are both achievable and sustainable, and the planning and organization that were put into it would indicate an experienced hand pulling the strings behind it. As with all others it’s to be treated like a game and obviously there are no guarantees. Only time will prove if I am right in any of my assessments. But if you would like to take the chance I remind you that now is the best time to join in order to maximize your earnings.

Other news for today.

First I would like to share some good news with you. It seems SilverLodge resumed payouts as promised (there was an update issued earlier that the payouts will be processed only on business days from now on). So the admin of SilverLodge Louise (interviewed here) kept his promise and the program is still recommended by my blog. Unfortunately the new members have no right to join this program as SilverLodge went private more than a week ago but those who are already members still can make their investments.

EnscoOffshore (reviewed here) paid me my principal back. So I have come the full cycle of 2.5% for 60 days. The total profit for me was 250% (principal included). It appears EnscoOffshore was the right choice and hopefully all the investors joining under me are also satisfied with the results.

Of course another good choice was definitely PanaMoney (reviewed here). The program keeps paying after more than 7 months now and never missed a payment. That is why PanaMoney undoubtedly deserves it’s place in my Top 5 Best programs. Unfortunately, like all the programs with real income depending on Forex trading PanaMoney had to temporarily cease its ativities during the May holiday and all the investors should be aware of the fact that no payments will be issued for the next couple of days:
“No trading on May 1, 4, 5 and 6. Please refer to the list of Forex holidays in the Terms of Service.”

The admin of AsianInvestGroup (reviewed here) published another update where he apologized for the delay of bringing the site back online and assured us that they were doing everything possible to get it back as soon as possible. Here is the latest from them:
“Dear clients, Our web server currently does not work.
We are still working hard to restore it after a hardware failure and perform some hardware upgrades for better performance and reliability.
Unfortunately, it is taking more time than we expected.
We are very sorry for this downtime and tying to come back online as soon as possible. Thank you for your patience.”

It appears that recent LR problems hit GearsOfProfit (reviewed here) as well because the admin decided to restrict large withdrawals to LibertyReserve until the payment processor is stable for at least one week. Read the latest update from the admin and draw your own conclusion regarding the chances of the program to survive:
“This is not error/bug or something like else.
To improve stability of GearsOfProfit project due to last LibertyReserve outages (unstable work in last days) the temporarily restrictions now in use. Please, understand us. The LibertyReserve payment system is very unstable in last days. We hope that all issues with LibertyReserve outages will be resolved very soon and we’ll remove restrictions. It maybe happen again. Need to wait several days to be sure what LibertyReserve is stable, bcoz the GearsOfProfit project use this payment processor.
Please, support us. We need your support. No problems with withdrawals. Kindly use other option to withdraw.”
Apparently GearsOfProfit already faced the problem with hit-n-runners and it seems the admin is doing his best to prolong the program’s lifecycle by introducing some limitations that are aimed against the practice. Here is how it works:
“To avoid any restrictions you should have at least $250 of active deposit. If you have $250 of active deposit you can always withdraw any amounts. I hope that serious investors can understand. For all amounts (payouts requests) under $50 – NO RESTRICTIONS!”
I’m planning to publish the interview with the admin of GearsOfProfit on my blog tomorrow so you can decide for yourself if you want to invest in such a program with very strong protection against hit-n-runners.

As for DimensionalWealthFund the program came back online but the payouts haven’t resumed yet so it will stay on Waiting status on my monitoring page and until further update please hold off from dealing with this program.

Finally, it’s kinda disappointing that the payouts from EdwardBrownInvestments program have stopped and there is no sign of when they will continue. I have no choice but to move it to Waiting status on my monitoring page but I hope to hear from the admin Edward within the next few days. Hopefully he will give us some update as he promised the program will have bright future ahead. Honestly I can’t see any good perspective for EdwardBrownInvestments unless the admin starts to take the investors seriously and not to make up ridiculous excuses of halting the payouts.

There are many stable programs left that are still paying on time and I suggest you to pay attention to the programs that paid me for the last 24 hours. Here is the list of the paying programs: ImperialFinances, FinancialProfitsCorp, SilverLodge, PanaMoney, GoldNuggetInvest, InvestmentForge, Verifield, GeniusFunds, Hassan-Al-Fadi, EnscoOffshore, NovalexFinance, OakCash, Poplans, VentureFundsGroup, EwoCapital, DamexTrade, GearsOfProfit, Treckswana, LloydFunds, FlowBroker, PrismoFunds and HighRiseFinance (the first payment received). That’s all for today and I’ll see you on my blog tomorrow when I’m going to publish the interview with the admin of GearsOfProfit!